Rigzone Industry News

State-run Oil and Natural Gas Corp.'s quarterly earnings missed estimates.

Oil rose along with equities on Friday, but still declined for a third straight week on growing concerns over global demand and the unwinding of the Israel-Hamas war's risk premium.

Touted as the first commercial DAC facility in the USA, the Tracy facility is fully powered by renewable energy.

A motor fuel tax relief of up to 35 cents per gallon has been extended till November 29 in Georgia state.

'Even with the current focus on potential supply disruption, increasing macro concerns and the potential impact on demand are shaping views and positioning'.

A federal judge upheld the Biden administration's approval of ConocoPhillips' 600 million barrel Willow oil development in Alaska.

'This new regime will be subject to two key tests being met'.

Under the agreement, Excelerate will deliver 0.85 million metric tons per annum (mtpa) of LNG in 2026 and 2027, and 1 mtpa from 2028 to 2040.

TC Energy suffered impairment from the Coastal GasLink Pipeline project.

Ovintiv expects to turn in line 170–180 wells net in the Permian Basin for 2023.